Professional Documents
Culture Documents
Alexandre LHeureux
President and CEO
April 6, 2017
2
7,500 4,525
CANADA NORDICS
7,000
UK & IRELAND
3,650
3,370
ASIA
ASIA
6,760 675
CONTINENTAL
US EUROPE
2,330
AUSTRALIA
NEW ZEALAND
$4,000.0
1 Top international
design firm
$3,000.0
$-
Based on design-specific revenue generated from projects outside each firm's respective home country
Source: ENR Top 225 Global Design Firms/ENR Sourcebook December 2016
5
MATERIALS
EQUIPMENT AND
SUPPLIERS ENGINEERED
WE HAVE A HORIZONTAL PRODUCTS
FEE-FOR-SERVICE MODEL
CONSTRUCTION
SERVICES
PLANNING DESIGN
(construction/project
management)
CONTRACTORS
OPERATION AND
ARCHITECTS AND
MAINTENANCE
DEVELOPERS
6
[VALEUR]**
[VALEUR]
CAGR
4,486.8
48%
2,349.9
1,677.2
1,020.1
12 13 14 15 16 17E
[VALEUR]**
499.0
441.5
CAGR
59%
12.3%
253.5
180.6
10.8%
10.8% 9.8%
125.4 Impact 10.2% [VALEUR]**
of WSP
acquisition Impact
of PB
acquisition
12 13 14 15 16 17E
Adjusted EBITDA Adjusted EBITDA margin
A SOLID BACKLOG*
10.1 months
of revenues
5,667.4 5,668.8
5,529.7 5,371.2
5,199.7 Q4 2016 COMPARED TO Q4 2015
30% 49%
AMERICAS TRANSPORTATION AND
INFRASTRUCTURE
31%
PROPERTY AND
CANADA
EMEIA
14% 11% 9%
INDUSTRIAL ENVIRONMENT
APAC
AND ENERGY
UK
CANADA National Infrastructure Delivery Plan
$CAD 120 billion infrastructure program Over 100 billion in infrastructure by 2021
WA IA
IL
$54B Indianapolis (Marion
Increase in taxes for BRT County) cent income Lockbox constitutional
and light rail projects tax for county transit plan amendment to protect
transportation funding
NJ
CA Lockbox
constitutional
Los Angeles - $120B in amendment to
bonds for new transit and protect
road upgrades transportation
funding
San Francisco - $9.5B in
bonds for BART
Alameda-Contra Costa
Transit District - 20-year
renewal of expiring parcel NC
(property) tax for AC
Transit Wake County
(Raleigh) cent
sales tax increase
GA
CORE SECTORS
OPPORTUNISTIC DEVELOPMENT
SUBSCALE IN
CERTAIN
SECTORS
EXPANDING
GEOGRAPHICALLY
SUBSCALE IN
CERTAIN
SECTORS
15
2016 ACQUISITIONS
Norway
Structural engineering
115 employees
UK
Public transportation and infrastructure
2,000 employees
Sweden
Power and energy
US
25 employees
Cogeneration
10 employees
Mexico Finland
Structural engineering Project management in buildings
50 employees 20 employees
Australia
Water division - Chile, Peru Structural engineering
Water 20 employees
250 employees
1.8
1.7 1.7
$US 1.3 billion credit facility
Adjusted EBITDA growth and
strong free cash flow
Continued support from the
capital market
0.8
0.6
12 13 14 15 16
Acquisition and reorganization costs* Between $15 million and $25 million 1)
* Non-IFRS measure.
1) Due mainly to personnel and real estate integration costs related to the acquisition of Mouchel completed in
Q4 2016 and to real estate integration costs pertaining to the MMM acquisition completed in Q4 2015.
19
CANADA NORDICS
Sluggish economy Positive and growing outlook
Changing economic landscape
UK
Economy set to continue to
expand at moderate pace
ASIA
Slowdown in mainland China
MIDDLE EAST
AMERICAS Difficult economic
Strong US Transportation and conditions
Infrastructure pipeline
SOUTH AUSTRALIA
AFRICA Transportation is the fastest growing
Difficult economic segment of all our businesses worldwide
conditions
20
2017 ASSUMPTIONS
OPPORTUNITIES RISKS
CLIETS
OPERATIONAL
EMPLOYEES CLIENTS GROWTH
EXCELLENCE